Perrysburg journal. (Perrysburg, Wood Co., O. [Ohio]) 186?-1965, 1887-01-07

| Sinking Fund OF ONO tho outstanding Ohio six
| per cent. Canal Bonds, amounting In tho uggre.
| gate 10 two million two hundred and forty
| thousand dollars, face value, due and payable
| the same tho now bonds OF the State OF Ohio, 10
| be issued and payable as horeinbefore specified
the said new bonds of the State OF Ohio TO bear
date OF July J. 1896, and bear interest at the
rate. OF three per cont; per aunum, payable
scmi'annually,. on the first days OF July and
January in each and eyory year until their ma
pay TO said Sinking Fund Commissioners .
premium OF twentyone and thirty.nve ono
hnndroths dollars w '3ol Tor each ono thousand
| as aforesaid
1t is further agreed by and between said party
| that the said two million two hundred and forty
| thousand dollars on said bonds shall be doliv-
| cred to said Sinking Fund Commission on or be-
fore the first day OF january 1887 II practicable
| but In case only part OF said tive million two
hundred and forty thousand dollars OF bonds
| are withheld by the owners or holders thereof,
so that the party of tho second part can not get
| possession or control OF the same on or before
the said first day of January, 1887 then the said
second party shall at said date pay TO the Com
HmsTeSp Exehenss Mntopai % Sap nj IN Inc S' stS aS
| and State OF New York, the par value OF said
outstanding Canal Bonds, and receive therefor
the new bonds of the State OF Ohio, MS provided
and In accordance with the act OF tho General
Assembly OF Ohio, horeinbefore referred to and
the advertisement made Hereunder
1t is further agreed that the said Albert Not
ter, Us security for the full and faithful per
formunce Of this contract shall, forthwith do
pOSlt Win the commissioners OF the sinking
Fund of Ohio, the sum OF fifty thousand dollars,
evidenced by the certificate of deposit OF the
Citizens National Bank of Cincinnati, Ohio, OF
date March %, 1896, and numbered iI9S, properly
sioners OF the Sinking Fund, the same, how
ever, upon completion OF this contract, to be re.
turned to the said Nctter or his assignees In
the event, however, of the said Meter failing
to comply with the said contract as aforesaid,
said deposit to tho extent that may be necessary
to fully indemnity the State for any loss 1t may
sustain on account of fich failure, to become
and remain absolutely the property of tho State
of Ohio.
And the party OF the first part hereby agrees
to and with the party OF the second part that
they will forthwith give notice to the holders OF
said outstanding Canal Bonds, by publication or
otherwise, that the State OF Ohio will redeem on
the 3lst day of December, 1886, oil OF said out
standing six per cent. Canal Bonds, and that
the interest on the same shall cease at the said
date.
1t is further agreed by and between said par
ties that whenever said Netter shall deliver any
of said outstanding six per cent. Canal Bonds to
the said Commissioners of the Sinking Fund, he
shall be entitled TO receive the full interest at
six per cent. per annum thereon, to the maturity
of said bonds, towit December 3lst, 1885,
and he shall pay at said time to the said Com
missioners OF the Sinking Fund the interest ut
three per cent. per annum, on the new bonds re-
ceiyed in exchange up to and including the 3lst
day of December, 1886.
In witness whereof, the said parties, the Com.
missioners OF the Sinking Fund OF the State OF
Ohio, and the said Albert Netter have hereunto
signed their names ut the ofice of the Sinking
Fund Commissioners in the city OF Columbus,
Ohio, on the 2ith day OF March, 1886.
EMIL KIEsEwErrER,
Auditor OF State and President,
j. S. ROBINSON, Secretary OF State,
j. A. KoHLER, Attorney-Genernl,
Commissioners OF the Sinking Fund.
ALBERT METER.
The foregoing contract is hereby this eth day
OF March, 1896, approved.
]. b. FORAKER, Governor.
The State Auditors report shows that while
our State indebtedness is comparatively small
rlniulv GxtinpuisleQ
Indebtedness of the State is farge and rapidly
increasing. 1t has now reached the aggregate
of more than s53, 100000. This growth should be
checked. No county, township municipal
corporation should be allowed to create %
general debt exceeding ten per cent. of the tax
valuation of its real estate. 1t is recommended
that such provision be enacted, and that you
provide that in all cases where there may
already be general Indebtedness in excess OF
that limitation, no further debt be allowed to
be contracted until the present debt is reduced
below the Limitation mentioned.
The statute enacted by you ut your last ses-
sion, providing for the taxation and regulation
of the liquor traflic, commonly known as the
Dow Law, has not been generally enforced
pending decision by the Supreme Court as to
its constitutionality. The Court has now, how
ever, upheld the law, and notwithstanding the
iil-advised efforts that are being made to over,
doubt, be fully enforced ere long throughout
the State.
1t has been already recommended that this
net be so amended as to give the State twenty
five per cent of the tax arising from this
source. The law has been construed to author
ize sales by manufacturers and their agents in
quantities not less than gallon, in municipal
corporations where, under the provisions of Sec
tion II of the act they have prohibited ale, beer
and porter houses or other places where in
toXicatng liquors are sold.
This is an aggrayation OF the evil that the
provision was intended to cure. 1t should be
amended so as to prohibit this practice. 1t is
believed that the law will, when SO changed,
give more satisfactory results to the people of
the State than any measure relating to the
Depn enacted
Ohio. 1t is at least due this statute from both
the friends and the enemies Of the liquor trafic
that II shall have q fair trial.
The State Board Of Health, the Food and
Dairy Commissioners, and the Fish and Game
Commission, have been doing most excellent
work. You are requested to examine carefully
their reports, and 1t Is recommended that you
willbe as liberal in providing for them as the
financial situation will allow.
The Live Stock Commission deserve more
than passing notice. Their report shows the
importance of their work aud the inadequncy of
the appropriations heretofore made in their be-
half. 1t should be remembered that Ohio, not
withstanding her great manufacturing and com
mercial interests Is nevertheless, In every sense
of the word, n great agricultural State.
The dreaded disease of pleuro pneumonia has
been guarded against by the Commission with
great vigilance and efficiency. But 1t is evident
that we can not have that complete protection
from 1t which we should have until the National
Government takes hold of the matter in an earn
est and practical way.
1t is recommended, therefore, that in addition
to strengthening the hands OF these Commits
sioners in every way possible for the work
that is imposed upon them, you appeal to Con-
gress to empower the United States Depart
ment of Agriculture to regulate interstate
commerce in cattle, and make an appropriation
large enough to enable all cattle infected with
this disease TO be condemned and killed at the
cost Of the General Government. The history
OF this disease shows that there is no other
efficient mode of dealing with 1t.
The report of the Board OF Public Works shows
that the receipts from rents and tolls for the
year ending November 10, 1885, amounted TO
. l.D.. tnCf fnr lnlt raa
thus giving an increase OF s5,771.sl. The dis
bursements make still more favorable COM
AsS Showing waTs fer saving ns q lSa ISM IN
other words the difference In favor OF the State
for this year over last is This gratifying
result Is due very largely to the hope that has
canals, that they are not to be abandoned or
allowed to fall into decay and disuse. They con-
should not dispose OF any part of them. on the
contrary, 1t should be made distinctly the policy
OF the State to improve and uphold and main.
tain them. When this becomes well understood
the result will be that business upon and along
them will be revived new boats will be built,
and their great benefits will be made each year
more apparent, and at no distant day they
should and will become self-sustaining.
The Ohio National Guard Is an organization
that reflects the highest credit upon the State.
The encampments during the summer were
orderly and well conducted throughout: Omcers
and men alike appear TO take great pride in be-
coming efficient and capable soldiers, and 1t can
be said with perfect truthfulness that In drill,
discipline and appearance they are the equals
OF any similar organization OF any State in the
Union They merit all the assistance and en-
couragement you can extend.
No event connected with the history Of Ohio
is OF greater importance or significance than the
adoption OF our first organic law, the Ordinance
OF 1887, and the first settlement on our soil In
pursuance thereof, Mt Marietta, on the 7th day
of April, 1888. The centennial anniversary OF
this settlement is close at hand. The adoption
OF this ordinance is TO be celebrated by the Ma
tional Educational Association at its meeting In
Chicago, July next, and patriotic people OF the
yybnle Gtnta will ha nlpaged this anniVer-